H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ••.fSSSS?: Condition Statement of F.R. Banks H.4.1 For immediate release November 10, 1977 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Nov. 9, Nov. 2, Nov. 10, Nov. 9, and related items 1977* 1977 1976 1977* Reserve Bank credit: T7 (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright—System account 95,196 665 +4,779 91,671 Held under repurchase agreements 864 - 386 Federal Agency obligations-- Bought outright 7,329 + 572 7,329 Held under repurchase agreements 65 5 Acceptances— Bought outright 1 - 199 Held under repurchase agreements 153 35 Loans-- Total member bank borrowing 887 226 + 837 586 Includes seasonal borrowing of: 87 17 + 64 84 Other borrowing Float 3,633 -1 ,542 + 679 5,069 Other F.R. assets 2,466 - 26 -1,385 2,514 Total Reserve Bank credit 109,513 -3, 540 +4,857 107,169 Gold Stock 11,595 3 11,595 Special Drawing Rights certif. acct. 1,200 1,200 Treasury currency outstanding 11,301 + 12 + 487 11,305 133,609 -3,528 +5,341 131,269 Currency in circulation 99,858 + 852 +8,428 100,766 Treasury cash holdings 445 + 26 5 450 Treasury deposits with F.R. Banks 2,929 -3,247 -3,839 2,132 Foreign deposits with F.R. Banks 289 + 7 + 52 314 Other deposits with F.R. Banks 4/ 571 55 - 306 714 Other F.R, liabilities and capital 3,201 - 438 + 111 3,422 107,293 -2,856 44,442 107,798 Member bank reserves: With Federal Reserve Banks 26,317 - 672 900 23,472 Currency and coin 9,178 + 196 726 Total reserves held 5/ 35,557 - 472 +1,500 32,712 Required reserves 35,409 - 315 +1,404 35,409 Excess reserves 5/ 148 - 157 + 126 2,697 NOTE: A net of $152 million of surplus reserves were eligible to be carried forward from the week ended November 2, into the week ending November 9. On November 9, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $69,443 million, a decrease of $6 million for the week. 1/ Net of $3,721 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $7,181 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $103 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 47 Includes $13 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 5/ Adjusted to include $62 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (San Francisco District). ** Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Nov. 9, Nov. 2, Nov. 10, A S S E TS 1977** 1Z21 1976 Gold certificate account 1,595 — 3 Special Drawing Rights certif. acct. 1,200 — — Coin 294 6 - 67 Loans 586 - 117 + 451 Acceptances—Bought outright -. -- - 198 -Held under repurchase agreements -. - 340 - 248 Federal Agency obligations--Bought outright 7,329 -- + 572 Held under repurchase agreements — - 179 - 34 U.S. Government securities: Bought outright--Bills 3,314 -2,666 -3,354 Certificates Notes 49,856 +2,959 Bonds 8,501 -HI,995 Total bought outright 1/2/ 91,671 -2,666 +1,600 Held under repurchase agreements -1,669 -2,702 Total U.S. Government securities 91,671 -4,335 -1,102 Total loans and securities 99,586 -4,971 - 559 Cash items in process of collection (1,811) 10,733 - 577 +2,914 Bank premises 381 — + 21 Other assets _3/ 2,133 + 29 -1,350 TOTAL ASSETS (1,811) 125,922 -5,525 + 956 L I A B I L I T I ES Federal Reserve notes 90,204 +1,227 +8,055 Deposits: Member bank-reserves account 23,472 -2,493 -3,646 U.S. Treasury—general account 2,132 -3,558 -4,340 Foreign 314 + 34 + 115 Other V 714 + 131 - 219 Total deposits 26,632 -5,886 -8,090 Deferred availability cash items (1,811) 5,664 -1,061 + 726 Other liabilities and accrued dividends 1,226 + 72 + 188 TOTAL LIABILITIES (1,811) 123,726 -5,648 + 879 C A P I T AL A C C O U N T S. Capital paid in 1,023 + 2 + 50 Surplus 983 — + 54 Other capital accounts 190 + 121 27 * Figures in parentheses are the eliminations made in the consolidating process 1/ Excludes $7,181 million of securities sold, and scheduled to be bought back under matched sale-purchase transactions. ' 2/ Includes $103 million securities loaned-fully secured by U.S. Government securities pledged with Federal Reserve Banks. 1/ Includes assets denominated in foreign currencies. 4/ Includes $13 million of certain deposits of foreign-owned banking institutions Ls^^nks! ^^ member bankS ^ redeP°sited ^ &11 with Federal ** Estimated (San Francisco District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. November 9, 1977 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 541 3,993 -2,240 -- -179 16 days to 90 days 45 12,728 -1,138 443 + 64 91 days to 1 year 29,529 - 957 819 - 64 Over 1 year to 5 years 28,155 „_ 3,752 — Over 5 years to 10 years 10,547 -- 1,492 — Over 10 years 6,719 — 823 -- Total 586 91,671 -4,335 7,329 -179 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 9, 1977 New Phila Cleve Rich St. Minne Kansas San * Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco, (In millions of dollars) A S S E TS Gold certificate account 11,595 541 3,369 631 934 982 560 1,736 469 225 393 456 1,299 Special Drawing Rights certif. acct. 1,200 60 300 71 103 109 62 190 50 24 42 46 143 Coin 294 15 19 15 41 30 29 22 20 12 43 13 35 Loans 586 63 34 26 14 18 80 86 39 9 77 130 10 Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Bought outright 7,329 343 1,730 391 614 584 362 1,174 311 179 294 366 981 Held under repurchase agreements U.S. Government securities: Bought outright-- Bills 33,314 1,557 7,863 1,777 2,788 2,656 1,645 5,336 1,413 815 1,337 1,666 4,461 Certificates Notes 49,856 2,330 11,767 2,660 4,173 3,973 2,461 7,987 2,116 1,221 2,000 2,493 6,675 Bonds 8,501 397 2,006 454 712 677 420 1,362 361 208 341 425 1,138 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt 111///222/// 91,671 4,284 21,636 4,891 7,673 7,306 4,526 14,685 3,890 2,244 3,678 4,584 12,274 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss TTToootttaaalll UUU...SSS... GGGooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 91,671 4,284 21,636 4,891 7,673 7,306 4,526 14,685 3,890 2,244 3,678 4,584 12,274 TTToootttaaalll llloooaaannnsss aaannnddd ssseeecccuuurrriiitttiiieeesss 99,586 4,690 23,400 5,308 8,301 7,908 4,968 15,945 4,240 2,432 4,049 5,080 13,265 Cash items in process of collection 12,544 405 1,129 430 570 1,857 1,450 1,584 485 624 919 805 2,286 Bank premises 381 111 10 56 24 68 14 16 13 30 18 12 9 Other assets 3/ 2,133 93 493 107 157 185 146 293 83 60 84 99 333 Interdistrict settlement account -0- - 243 +4,528 - 289 - 223 - 244 - 721 - 426 - 227 - 96 7 - 94 -1,958 TOTAL 127,733 5,672 33,248 6,329 9,907 10,895 6,508 19,360 5,133 3,311 5,541 6,417 15,412 1/ Excludes $7,181 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2*/ Includes $103 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 9, 1977 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco* (In millions o f dollars) L I A B I L I T I ES Federal Reserve notes 90,204 4,519 23,181 4,843 7,822 8,143 3,463 14,924 3,773 1,898 3,329 3,957 10,352 Deposits: Member bank reserves 23,472 596 7,625 896 1,285 895 1,656 2,996 801 761 1,139 1,622 3,200 U.S. Treasury—general account 2,132 ' 143 246 101 204 183 213 206 117 100 182 165 272 Foreign 314 10 1/ 109 12 24 15 21 41 9 8 12 15 38 Other 2/ 714 ! 1 612 1 1 18 50 4 1 3 1 9 13 Total deposits 26,632 750 8,592 1,010 1,514 1,111 1,940 3,247 928 872 1,334 1,811 3,523 Deferred availability cash items 7,475 287 673 329 304 1,421 876 699 321 453 748 478 886 Other liabilities and accured dividends 1,226 45 236 51 83 98 67 152 39 24 38 48 345 TOTAL LIABILITIES 125,537 5,601 32,682 6,233 9,723 10,773 6,346 19,022 5,061 3,247 5,449 6,294 15,106 CAPITAL ACCOUNTS Capital paid in 1,023 32 265 44 87 55 77 156 33 30 43 58 143 Surplus 983 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 190 4 50 9 13 13 10 34 6 5 8 10 28 TOTAL LIABILITIES AND | CAPITAL ACCOUNTS | 127,733 5,672 33,248 6,329 9,907 10,895 6,508 19,360 5,133 3,311 5,541 6,417 15,412 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 95,910 4,695 23,807 5,178 8,027 8,413 4,461 16,265 3,937 1,942 3,604 4,336 11,245 Collateral for F.R. notes: Gold certificate account 11,591 541 3,368 632 933 982 559 1,736 468 225 393 456 1,298 Special Drawing Rights certif. acct, 855 60 300 103 109 62 50 24 42 46 59 Acceptances U.S. Government securities 83,715 4,170 20,150 4,600 7,210 7,500 4,000 13,600 3,500 1,810 3,200 3,875 10,100 Total collateral 96,161 4,771 23,818 5,232 8,246 8,591 4,621 15,336 4,018 2,059 3,635 4,377 11,457 * Estimated (San Francisco District). 1/ After deducting $205 million participations of other Federal Reserve Banks. 2/ Includes $13 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis